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toyota introduces a new truck at the big show in chicago. you will hear all about it right here. speaking of cars, autonation is just rolling along firing on all cylinders in the u.s. how long will the good times last? autonation's ceo talking to us exclusively about sales, the american consumer, as well as big plans for 2013. and the new app for the android world. the ceo tells us exclusively how it all translates into dollars and cents. countdown begins right now. good afternoon everybody. i'm liz claman. welcome to countdown to the closing bell. it is the last hour of trading. there's a fair amount of red on the screen, but nothing horrific. check out the dow 30. most of the blue chips are down,

but american express and coca-cola are defying the laws of gravity along with a couple other names including boeing. united technologies, and travelers. okay. the best levels still since the fall of 07. none of the major indices are anywhere near down a percent. that strength is helping the dow minimize its losses. taking a look at the s&p 500. it's down 4. we have the nasdaq down 12. but still for the s&p 7 points above the 1500 level. not bad. that gives it a little bit of breathing room. in terms of sectors, where's the weakness? consumer discretionary stocks. in the etf, you have names like target, you may own that. apple and qualcomm are the components on this one, so you can imagine that this one is also down. but just by about a third of a

percent. as i said, nothing too horrific here. then we have the economically sensitive groups like industrials, also pulling back. the basket of stocks that is the xli etf, that one slipping about a fraction of a percent but still the question you might have, why is everything down and not up? well, the ecb president draghi gave the bears some early ammunition this morning. talking about continued softness in the euro zone economy, weak exports, placing the blame on what has been a strong currency. draghi also saying that the ecb's accommodative policy will go on for a while. the currency traders immediately hit the sell button. this level $1.33 as it falls more than a cent versus the dollar. we were at $1.37 about three weeks ago. we have come well off the highs of the session. rates are also coming down, a bit of risk off trade at the moment. ten year yield now 5/10 of a percent below two full percentage points.

you have a picture of stocks down, but off the lows. treasuries up. euro getting pounded. gold and oil slipping as well. is this beginning of a new risk off cycle or just another blip on the trading floor? let's get to the floor show. traders at the new york stock exchange cme group and the nymex. mark newton, i was reading your note earlier, you were saying still above support levels kind of range bound. what else have you got for us? >> we still see in one of the best moves in the last few years in terms of looking at s&p and dow, had a great january. markets are starting to stall out a little bit. u.s. markets are mostly range bound. s&p trading at 1 1/2% range in the last ten days. mostly europe we see the declines. liz: you are the guy who sat there looking at the computer screens, what does that tell you about near future trading? >> i think the u.s. is right now acting a lot stronger than the rest of the world. i think eventually we will have to play catch up. right now we have taken a bit of a breather.

there's no saying we couldn't briefly pop above 1510 on the futures. i don't think there's a whole lot more upside. you have to be more selective at this stage -- this stage of the rally. liz: the vix is not alarming level certainly. >> i don't think there's any expectation that it is going to go crazy any time soon. with a trillion dollars going to hit this economy this year, these pullbacks, we're telling our customers make sure they get more coverage on board and they don't keep their power drive forever. on top of that, we have the ten year which is kind of the truth serum around that 1.95, 1.96 level and that's telling us things aren't that great here or that great in europe. we could see a year with lower rates to come. liz: i would look at that and i would say fine, but then you start to see -- you can't even get some real action in the energy market when you have a gigantic snowstorm coming, jonathan. looking at right now natural gas is down. crude is down. nobody is too worried about

this. expecting a change? >> natural gas, you know, it's difficult right now. the we did see a lower -- we did see a lower draw than we initially expected. when we get up to the level, you kind of see people switch over to coal with utility. it's kind of given us a ceiling. with crude, kind of pulled back along with equities. not really too concerned about breaking out of this range any time soon to the down side. didn't really see a pick up in option volatility today which kind of makes me think that option traders really aren't thinking it is going to be a significant move right now. liz: okay. we will keep an eye on all of it. right now down about 52 points for the dow. great to see you. appreciate it. closing bell ringing in 55 minutes. they are so good facebook wants to take them on and a whole host of others. flip board changing how social media works, content to go with absolutely gorgeous apps. publishers are dishing out some of the money, big money.

try a million dollars for certain ones depending on how custom they are. they want to be a part of the flip board community. the ceo is talking about flip board's growth the financing and future plans and now android tablets have the app. we're going to ask him about all of this as a fox business exclusive. don't go away. ♪ [ woman ] if you have the audacity to believe

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liz: auto parts makers are turning and burning. let's check in with nicole at the new york stock exchange. nicole: they are doing great here. let's take a look at those. o'reilly automotive and advanced autoparts. here's o'reilly, up 8% on the day where we've been in the red on every major average and sector. advanced autoparts also doing well, up about 5%. both of these names coming out with some good reports. advanced auto parts had good earnings, good outlook on that. let's talk about o'reilly automotive, this one got my attention. they came out with their numbers. it was up from a year ago. same-store sales have been on the rise. so you can see it right now up

about 8%, liz. pretty nice for these two guys. liz: by the way, as we have mentioned, fox business exclusive coming right up with mike jackson of autonation, speaking of cars, big interview there. thank you very much, nicole. one of our guests told you so. apple now faces a lawsuit over its cash stash, which is pushing 140 billion dollars today. hedge fund superstar and apple shareholder of green light capital sued the tech giant saying investors need a bigger payout. so does this sound familiar? it should if you were watching us on friday, you could see this coming. larry haverty warned we might see a lawsuit if apple didn't start putting its cash to use. that's exactly what he said. >> it's the shareholders cash, liz. it is not the management's. i don't know what the board is thinking, liz. liz: they march to the beat of a different drum. >> maybe they will be pressured by someone in court. liz: haverty suggested apple start spending on new product, share buyback, special

dividends. now you have the guy who kind of arguably brought down lehman brothers with a big short on that one, he's piling in, complimenting the company, complimenting tim cook and his leadership but saying take some of that pile of cash and please putt it to work -- and please put it to work. here's the stock right now. here's one silicon valley powerhouse though that was actually inspired by apple's innovation. in fact its cofounder was the senior iphone engineer. we introduced you to them two years ago during my three days in the valley coverage. how they have grown. flipboard the digital social magazine that puts all your favorite web links in one place. it's growing. advertisers are willing to spend big bucks to be part of this, high end brands like nieman marcus and lexus are enhancing their brand using flipboard because the ads are custom and absolutely stunning. now they have just released their android tablet app. got it in my hand, mike mccue. we love watching you grow.

he's the co founder and ceo. mike, i'm looking at this right now. and again, this is with an ipad mini. but i have got the android here with my phone which is of course samsung. and you look at all of this and you see how beautifully it's adopted to the android. tell me how the adoption is as far as user numbers are concerned right now. >> well, it's great to see you again, liz. and you know, we have been growing at an incredible rate. we've been adding more than one user a second to flipboard. that's been accelerating. we have well over 20 million people who are using flipboard. it's one of those things that people use every single day. they use it in the morning over coffee. they use it at night before they go to bed to catch up on things. and now on the phones, they use it kind of, you know, all throughout the day, when they are standing in line waiting for a coffee, just want to get caught up across on what's happening on their social networks or what's happening in the world. so it has been just a fantastic thing to be a part of. liz: well, because we're journalists here, we're thrilled

that you are getting people to read journalist articles now. and of course one of the things i learned in davos is that not everybody uses an iphone, especially internationally, many people are going with the android. you threw out well over 20 million. the last we spoke to you in september, you had gone from 2 million to the year before to 20 million users, unbelievable growth there. but can you give me a little more clarity on what you mean by well over 20 million? >> i would love to. actually i think probably announce new numbers in conjunction with a new release we're working on. but we're -- we've been growing very very fast. you know, like i said, well over a new user every second. and so, you know, you can imagine what those numbers are now. liz: well everybody can start doing the math because september, mid september he was at 20 million. >> right. liz: there you are, one per second. >> right. liz: you have got some big names that are funding and helping you

grow. at some point, these guys love to see -- they love to see their money come back. and i'm not saying ipo right now, but, you know, is it part of the big picture, especially when you start to see a lot of competitors come in and now facebook wants to do the article similar to these? they are basically taking your idea. >> well, you know, there is a lot to do with making sure that great content on the web starts to integrate more with social and starts to integrate more with mobile. and facebook is thinking about that as it relates to social. there are other companies thinking about that strictly from a mobile point of view. flipboard is at the intersection of both of these things. we partner very closely with facebook and twitter and instagram and a number of other social networks, google plus, for example. we pull all that content together into one beautiful personalized magazine. liz: i know. >> it works incredibly well on a mobile device.

that's the combination -- liz: i would say, but at some point and we saw instagram doing this where they, you know, pushed out twitter and that angered a lot of people, who knows if facebook suddenly says hey we can do what flipboard is doing and make some money off of it. your ad base -- first of all the ads are absolutely stunning, and they are customized. you have companies like levi's vanity fair paying up to a million dollars for some of these beautiful ads. that's revenue i know facebook wants in on. >> well, you know, i think that we're part of a very large market. if you take a look at the ad industry, only about 10 to 15 percent of all ad dollars are spent on-line today. so there's going to be a huge transformation as hundreds and hundreds of billions of dollars of advertising revenue makes its way over to the on-line world. and that is a big opportunity that many companies can participate in. liz: tell me, am i correct,

because for a time there, you were having some ads that did cost up to a million bucks. is it going higher at this point? >> absolutely. i mean, you know, we're building a broader and broader audience and advertisers are interested in building a presence on flipboard that they can then promote to that audience and drive traffic to what they are building on flipboard. their own little mini magazines. and so yes, absolutely. we have advertisers that are paying well over a million dollars to do that. and the acceleration of that is increasing. right now, you know, it's very important to point out that what we do is we partner very closely with the publishers to basically help them subsidize really great content. we want to create an environment that fosters the creation and subsidizes that great content, and you need great advertising to do that. the kind of advertising that you see in vogue. the kind of advertising that you actually enjoy looking at and that is really beautiful. and so that's what we're trying to do, and we've now generated, you know, millions of dollars

for our various publishing partners, and it's just a real win-win situation. liz: i want to let people know that you are in the proverbial garage in palo alto. i have been there as you know. the last time i was there, as you walk in, there's a little sign that says flipboard population back then it was 57. you had 57 employees. what are you at now? have you had to change that sign? >> we do have to amend the sign. we are at now 77 employees. and we've just hired some great new folks i introduced to the team on monday. we hired who was the head of engineering -- who has come on to our head of engineering. we're incredibly excited. >> we're so great to watch you grow.

>> it's great to have you be a fan of flipboard. we hope you will visit us soon. >> we will. we are a fan of any great business story. mike mccue is flipboard co founder and ceo. tell marcy we said hi. that's his wife. >> thank you. will do. car and truck sales picked up considerably over the past year. autonation is reaping the rewards of that luxury domestic every single level moving double digit percentages, plenty of customers on dealer lots. is this recovery for real? or is it somewhat artificial? we've had people on the show claiming that it was artificial, i'm talking about for the whole auto industry, but autonation chief executive mike jackson talking with us exclusively about the road ahead. we will give us some opinions on that in a fox business exclusive. ♪ i'm a conservative investor.

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liz: the chicago auto show kicking into high gear, exciting new cars and features are being unveiled including a brand new toyota tundra. jeff flock wowed us in the 1:00 p.m. hour. now what do you have with us? jeff: hey. first of all i've got the ram truck. i have the ford f-150 trucks. this is all about trucks, liz, at this show. more trucks than anywhere else. take a look at the sales, though, in january. if you look at truck sales, as i run, maybe as you take a look at those pictures, the truck sales in january showed the dominance of the ford f series. but this tundra, the tundra was really at the bottom, and take a look, this is the tundra here that actually towed the space shuttle, famously through the streets. liz: oh, yeah. jeff: remember that? liz: yeah.

jeff: now they have a new tundra, the 2014 tundra. i had to run all the way because if you want to show all those trucks, you have come to running all the way. i'm over here, bob. speaking of bob -- liz: you run so fast, you lost bob. jeff: we made it. great to see you. >> good seeing you. jeff: you're proud of this truck? >> i am. brand new 2014 tundra that we're going to put into production this summer and will be introduced later on this fall. jeff: the reason i'm out of breath is i wanted to show the truck of the year, the ram, the f series, this is all your competition. are you ready? >> we're absolutely -- all new truck for 2014. it's got an all new body on it. we call it a chiselled exterior. actually increase the size of the exterior, give it a more hefty appearance to match the capability of the truck. jeff: these are huge profit centers for you guys. i put up the january sales. if you look at the stocks, you don't sell that many of these,

but they make a lot of profit. >> well, we do. the truck market was really affected during the downturn of the economy. it's coming back. there was almost 1.6 million pick up trucks sold last year. and we all see more growth coming over the next months. jeff: do you feel good about what you see in the economy? this is no better barometer than trucks like this, no better barometer of the economy. >> good doesn't describe it. we feel great about where the industry is. i think what you are seeing is the auto industry is turning out to be the bright spot of the economy. we're sort of leading the way -- we're sort of leading the way. we're very confident about where we're going. jeff: you sound confident about the future. liz: can you ask him if his trucks are also bought by a lot of contractors which is how say for example the ford is pushing their new atlas truck that they would like to get out on the market? jeff: that's a great point. percentage of buyers that are contractors, small business guys

for these trucks as opposed to consumers who just want to ride around in a truck? >> well, recently for us. it's been about 40% of the buyers who have been buying the tundra for work. then a large percentage are buying it for personal use. the general contractor that just needs a truck for his work, but is not using it to haul materials. we're seeing that change, though. as the real estate market and the commercial market is starting come back, that work, i need the payload, i need the towing, that buyer is coming back. jeff: bob carter, appreciate it. thank you very much. good luck with the new truck. >> thank you. jeff: all right. i got my breath back. liz: jeff, great job, thank you. jeff: good looking truck. liz: more and more americans snapping up new vehicles maybe like that new tundra eventually, in part because they have to. dealers like autonation cashing in on the upgrade cycle. look at these sales, autonation

sales year over year up 22% for the month of january. wait until you see the domestic numbers and the high end luxury numbers. what does the future hold? looks pretty bright for right now. autonation chairman and ceo mike jackson joining me in a fox business exclusive. those numbers, and i don't know if you just saw jeff flock running around that tundra, but there seems to be such an exciting air right now where the big margins are when it comes to those things like trucks. what are you seeing in the domestic market, mike? >> liz, good afternoon, great to be with you. i'm at the ginger bread house. this is the world exclusive. this is my first interview ever from a ginger bread house. very inspiring place. over the years, i call them as i see them, and i fully agree with bob carter. the auto industry is a bright spot in the u.s. economy. and i've seen it that way for the last several years. and while i'm a very good car salesman from new jersey,

there's some drivers here that are very powerful that this auto recovery is going to continue, and those skeptics are going to proved to be wrong. here are the drivers: genuine replacement need. we didn't have a recession in automotive. we had a depression. sales collapsed to an unfathomable low level and people stopped buying vehicles. and it pushed out the average age of cars in the united states to 11 years old. they stopped fixing them, and they have to do something. so they come into talk to us, and we have great new products, like never before, great design, quality, innovation, and the financing is the best offering we've ever had because while the banks want to lend again, they were very impressed with the way the consumer made the car payment first in their household during the financial crisis. very attractive place to lend. if you look at the december, january sales figures, it really says something about the mindset of the american consumer. they are no longer transfixed

and paralyzed by the dysfunction in washington, d.c. they said hey, you know, we've had our own austerity program. we have straightened out our balance sheet and our debt levels. and we're moving on with our lives. so you put those four factors together, more confident and optimistic than i have ever been in forecasting mid 15 for 2013. liz: you're talking mid 15 million auto sales overall. >> mid 15 million unit sales for the u.s. auto industry. and that's up additional million units from the 14 million 500 last year. liz: so that to me is big news. when you say mid 15 million, do we have to wait another year before we get to 16 million? >> i think we do. i think it's absolute best case over the rainbow to break through 16 million this year. you may see an individual month later in the year that has a selling rate of 16, but i don't think you can get the entire

year over 16. but if this economy continues to recover, and here are the factors that are working for us, housing has stabilized. and people don't feel like the rug is going to be pulled out from underneath them on the value of their home, that's given them the confidence to make a durable good purchase. plus, the construction of new homes has resumed. it will break through a million units this year. liz: right and there -- >> energy in the u.s. is a big bright spot. liz: and there we just saw -- >> put it together and it is looking better. liz: when we see the truck sales that look really good, a lot of that -- i have talked to ford, as we know, we just heard from toyota, a lot of that is driven by the contractor base. i want to get to two things before we go. we'll get to your charity in one second. but i also wanted to ask you, we're starting to see gas prices tick higher. the last time we spoke you said the freak out level might be $5 a gallon. we're nowhere near that now. does that still stand that freak

out level would be $5 a gallon or is it now back to 4.50, 4.75? >> i think it may even p be higher -- it think it may even be higher. amazing thing has happened liz. usually i call out high gasoline prices as a risk factor to the auto industry. right now it's actually helping sales because we have a new offering to the american consumer. we say to them, listen, you don't have to down size. you don't have to go slower in order to get better fuel economy. and by the way, americans hate going backwards. you can have the same size vehicle and go just as fast and by buying a newer vehicle, pick up 20 to 25 to 30 percent in fuel efficiency, and you don't have to get an exotic hybrid or electric to do it. the american people are saying sold. liz: exactly. we're watching this behavior. as we go, i do want to mention that you're in the ginger bread house for a reason. autonation giving a million dollars to a very worthy cause for children who are extraordinarily sick. and it's just a great thing when you have a corporation with a

heart. >> well, thank you. our cfo has been chairman for the last ten years. i'm here with bob brown, one of our board members who has worked all over the world on behalf of children. and our commitment to give kids the world continues. it's an inspiring place. liz: a car salesman from new jersey doing wonderfully. great stock price as well. autonation jumping exponentially over the past couple of months and over the past year, up 30%. mike, good to see you. thank you. >> liz, good to see you. liz: mike jackson, autonation chairman and ceo in a fox business exclusive saying expect mid 15 million in car sales this year. we've come a long way, from the lows of the financial crisis. closing bell ringing in 27 minutes. it is the biggest insider trading scandal ever, and the feds case against the hedge fund superstar may be getting weaker and weaker. charlie gasparino is coming down with the latest developments, got to hear this.

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>> i'm adam shapiro with your fox business earnings preview. shares of linked in are falling ahead of its earnings report after the bell today. it hit a new high in late january and shares are up 29% in the last three months. expecting earnings per share of 19 cents. investors are looking for growth in its user numbers. early in the year linked indisclosed -- linked in disclosed it surpassed 200 million account holders for the first time. about 63% of linked in total user base was international and international markets account for 36% of total revenue. analysts think that could increase even more this quarter. investors should also watch for

rapid job posting growth. analysts are expecting it will earn close to 240 million dollars in revenue from job postings in 2012. for coverage on all the major reports after the show, including linked in, coin star and aetna health, don't miss after the bell starting at 4 p.m. eastern. we continue our countdown to the closing bell with liz claman. liz: we've got true religion soaring today. let's head to nicole on the floor of the new york stock exchange. looking very healthy for the stock. nicole: that's right. the stock is soaring today. it's up over 20% when you take a look at it. true religion jeans, right? they are probably $200 a pair. they come out with their numbers. there are some analyst calls and some options for strategic review. i think that's what's really giving this company a boost. let's break it down. you did have bb&t put a buy rating on it. came out with fourth quarter profit which dropped some, but the sales beat the street.

and then of course back in october and once again it has resurfaced that execs are saying that a strategic review by a special committee is continuing. so we will see what that means for the company ultimately. i went outside liz tried to bring you right to the store here on wall street give you a little scene of the jeans and such, but it certainly is a winner today. back to you. liz: okay, thank you. there's a major obstacle in the justice department insider trading investigation of steve cohen. charlie gasparino. >> talk about breathless intros. liz: we're excited here. >> you know, listen, they've been looking at steve cohen since 07. we should point out that's when he kind of first got on the fbi's radar screen. the fbi agent who helped try to develop a case against him. he's actually the fbi agent who got the sort of court order -- not the sort of -- the court

order to bug steve cohen's home which we were first to report here on fox business network. i think he did that in 08. they have narrowed the cases -- there's been many -- lots of insinuation and fishy trades that look like possible inside information trading before material events. they've narrowed it down to obviously this one case involves martoma -- liz: former trader. >> basically telling steve cohen something. they had a phone call about why he was buying and selling the shares of two drug company stocks. he's been indicted because he got insider information from a doctor; right? now the question is will cohen be indicted based on that phone call? here's what i know, if martoma doesn't flip, federal prosecutors believe, and we're getting this from sources close to the investigation, they believe they do not have a case against cohen. will he flip? he's facing 22 years. we should point out that he hasn't yet. they do have a joint defense

agreement, sac and martoma. i will say this, this is another thing in cohen's favor, and i don't know the exact date, but from what i understand, the statute of limitations on this case is going to run out in the summer. so if they don't get martoma -- liz: the clock is ticking. >> -- by the summer, steve cohen is likely to not get indicted. this is what i'm hearing from sources, if they don't get him on this, the other cases aren't that good. the other potential witnesses aren't that good. a lot of people are talking about this michael steinberg, one of the top guys at sac, maybe he will flip. from what i understand, they don't think they are as good as martoma. this is kind of an interesting case. remember martoma buying and selling elan and wyeth. buying and selling that when, you know, right during -- right before material events and

getting some inside information from the stock that was involved in drug company trials. he has a fairly long -- i think it's a 20 minute phone call with -- they know they spoke with cohen at some point. what he said, they don't know. but that's where they are trying to get cohen on. they are trying to say that, you know, martoma if you don't flip, you're going to jail for a long time. if you do flip, we want to know what you told him during that 20 minute phone call. if they don't get him, i'm telling you, they don't think they have the case. liz: not to get into the whole whether you really believe in insider trading as a crime -- >> i don't. liz: the point about the average viewer is that if he had this inside information, he makes this big trade and all this money, the landscape is uneven and unfair. that's the point -- i mean why are they going after steve cohen? >> that is kind of your opinion and their opinion. liz: that's their opinion. that's not my opinion. >> here's my belief on insider trading. he may go to jail he may not. i have a feeling they are not

going to get him on this. i also have a feeling when martoma spoke to him he didn't say hey steve i have some insider information on this one. liz: they are smarter than that. >> they talk in a code. at sac capital they ask you about your conviction level, number 10, that's -- liz: got inside stuff. >> who knows. i'm just telling you this while they are going after this, there are real rip-offs going on. insider trading is not a rip-off. liz: charlie thank you very much. closing bell ringing in 17 minutes. if you are an investor waiting on the side lines, too scared a year ago, time to get into the game, at least that's what carol pepper of pepper international is telling her high net wealth clients. she has more than a billion in assets that she is in charge of. we're bringing her in to tell you why it is time to move that mountain of cash into the markets, but typically she will tell you where she's putting it. ♪ ♪

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liz: we have breaking news. this is a classic case of the squeaky wheel gets the oil. this morning we had told you that green light capital had been starting put the thumb down on apple saying you better start returning cash to shareholders in some way shape or form. he suggested let us at least approve when they are going to issue preferreds. well apple has come back with a statement. here it is, just released. here it is from apple. apple's cash balance had built to a point beyond what we needed to run our business and maintain flexibility. so we announced a plan to return 45 billion to shareholders over three years. as of next week we will have executed 10 billion of that plan. deeper in the statement is the real nugget here, as part of our

efforts to further enhance corporate governance and serve our shareholders interest, proposal to which by the way is what the short seller who has a long position in apple had a problem with because he felt it wasn't going to let shareholders approve whether preferreds were issued. they said green light is incorrect. this would not preclude apple from adopting their concept, their meaning green light capital's idea. contrary to the statements, it would not prevent the issuance of preferred stock. currently apple's articles of incorporation provide the issuance of blank check preferred by board of directors without shareholder approval. they are in essence saying you are going to get what you want on your approval of preferreds. let's get to high net worth investors who are probably watching that thinking should i buy apple or sit on the side line? we bring in carol pepper because she says it is time to move the mountain of cash or even a little pile of it in some people's portfolios off the side

lines and put into the market. why now? because now it feels like everybody is saying that. >> well, liz, a lot of high net worth individuals only got their consolidated report for the end of the year at the end of january. so they have sort of sat on the side lines throughout the whole january rally. they have been thinking well i will wait for a pullback and then i will go in. frankly i don't think there's going to be a massive pullback. if you keep waiting, you might miss the entire u.s. good story. liz: you are right. each time we see a fall, it's 60, 100 points, nothing like a full percentage. >> that's right. liz: taken off the dow or s&p for example. you are saying these will be shallow pullbacks. >> that's right. all the fundamentals are coming in strong. i think six months from now, unemployment will be lower. then we will be starting to worry about whether we're going to hit the 6.5% number and whether or not then we have to worry about a pullback in qe 3. we're not there yet. the market has a lot of fundamental reasons to keep running. and if you are waiting for the market to go down for a percent, i'm afraid you might wait too long and miss the whole thing. liz: i would agree. i mean people were scared a year ago february.

they're scared now. there are going to always be a million reasons that there might be a negative pullback of some sort. but the fact is that you talk about six months out unemployment will probably be lower. the trend, everybody should look at the trend. so right now let's say they agree with you, pick a stock, any stock that you like right now that's a good place to start. >> well, you know, we were just talking about apple, if you are a little scared about apple and you don't know if you like your android phone or apple phone. why not look at qualcomm. they are right there in inside of all the smart phones and tablets. that's a continuing trend. they are knocking their earnings out of the box. for a single stock to take a look at, look into qualcomm. liz: they are best in class certainly when it comes to the smart phone revolution. higher by about 8% year over year. little bit dividend 1.5%. >> it is like buying shovels during the gold rush. don't go after the miners. everybody is going to need a shovel.

every smart phone is going to need a chip. liz: what sector looking more broadly has the most runway space? >> i think this could be a year when you are going to see consumer cyclicals doing well, the retailers all the things people buy when they are feeling a bit more confident. we are starting to see that in some numbers. we could look at an etf that's going to cover all of the consumer cyclical stocks, that's one i would take a look at. liz: this run-up looks a little intimidating. stretch it out to the three year and you can see at each point along the way, you would still have made money. >> that's right. liz: but trees don't grow to the sky as we like to say on wall street. you worry at all that at some point that trade will lose some steam. >> at some point of course it will. i don't think we're there yet. we're in one of those perfect storms right now. we have low unemployment. but we also have a lot of people still looking for jobs. there's still a lot of money going around because of qe 3. we have a consumer who's a bit happier. we have the risk in europe looking a little less terrifying. there's not any huge items we're very worried about.

i think this year people are going to go out and spend. >> there hasn't been any wage pressure, you are right. thank you very much. >> thank you very much. liz: closing bell ringing in 7 minutes. all day tomorrow on the fox business network, we're giving you the real story behind real estate. we've got the industry's top dogs joining us throughout the day on the network to find out are we in the midst of a full-blown recovery, or just a short-lived rebound? it sure feels like a real recovery. shares of homebuilder hovnanian up nearly 70% over the past year, granted coming from a very low base after having been beaten down. in the 3:00 p.m. eastern hour tomorrow, don't miss hovnanian's ceo joining us in a fox business exclusive. countdown to the final minutes of closing bell coming right up. stay with me. ♪ twins. i didn't see them coming.

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♪ liz: as trades move out of tips like technology they're moving into what? well, you've got, say, for example, consumer names but the ones that you actually have to buy. so we're looking at consumer staples and more defensive situations here. we've got the utilities and staples, etf, spdrs here, in for example the utilities you have names like excelon and duke. that is moving higher. staples you have proctor & gamble and coca-cola. as we see people moving in a cycle outside of technology and retail at least for today. it is moment by moment here. this is where the bigger trade is. we're well off the lows of today's session. i got so excited i ripped my script in half. we have bunch earnings coming up. let's